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Jun 28

Market Update - 28.06.2023

Has Pound Sterling hit the top?

Last week we had an unexpected 0.5% rate hike from the Bank of England.

Usually news like that would give Pound Sterling a massive lift.

Instead, it provided only a short-lived bounce.

Since then, the Pound has been drifting sideways against the Euro and US Dollar.

Often it’s a sign of a top if a currency can’t sustain a rally. It literally fizzled out in an hour.

One thing’s for sure - currency markets are hyper-sensitive to inflation data right now.

Just look at what’s happening with GBP/AUD.

Today Australia announced inflation fell more than expected and the Aussie Dollar hit a 2-year low against the Pound.

We know the UK is battling higher inflation than peers, but should inflation relent, we would expect the Pound to give up its recent gains very quickly.

With that in mind, anyone looking to sell GBP and buy Dollars or Euros can still take advantage of current rates.

So what next, what should you do?

As always, we are on the look-out for the best opportunities.

To discuss your requirements, you can speak to us on 01872 487 500.

Click below to get the latest rates.

Get a Quick Quote

Benefits of using Key Currency:

  1. Great exchange rates
  2. Quick and easy transfers
  3. No transfer fees
  4. Expert help and guidance
  5. Authorised by the FCA

Current rates: 

Wednesday 28th June 2023 at 10:15

£1.00 GBP = 1.1602 EURO

£1.00 GBP = 1.2711 USD

£1.00 GBP = 1.9145 AUD

£1.00 GBP = 2.0854 NZD

£1.00 GBP = 1.6800 CAD

  • Want to Learn More?

  • We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.
  • Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

    Brexit Guide Download

  • Need to Send Money Abroad?

    • At Clé France / Key Currency, many of our customers have a need for currency exchange.
    • We are pleased to offer our customers favourable exchange rates on international currency transfers.
    • As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

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Jun 21

Market Update - 21.06.2023

Pound fluctuates as UK inflation bites

The message is "It’s still a good time for buyers of Euros or Dollars"

But for how long?

This morning the latest inflation data has been released.

UK inflation has come in at 8.7% - much higher than elsewhere.

By comparison, US inflation is down to 4.0% and the Eurozone down to 6.1%.

The Pound’s strength in recent months is because the Bank of England is going to have to remain very tight with monetary policy.

Tomorrow the Bank of England meets again and another interest rate hike is almost a done deal.

But there’s only so much the UK economy can take.

So the outlook for the Pound is less certain over the coming months.

Last week the Pound hit a 14-month high against the US Dollar and a 10-month high against the Euro.

It’s a run that may be hard to sustain.

Over time, the UK is likely to get in sync with its peers and the Pound’s advantage will end.

So what next, what should you do?

The message is it’s still a good time for buyers of Euros or Dollars.

Make sure you get in touch to discuss your currency requirements.

To find out the latest exchange rates, please click below.

Get a Quick Quote

Benefits of using Key Currency:

  1. Great exchange rates
  2. Quick and easy transfers
  3. No transfer fees
  4. Expert help and guidance
  5. Authorised by the FCA

Current rates: 

Wednesday 21st June 2023 at 10:45

£1.00 GBP = 1.1638 EURO

£1.00 GBP = 1.2715 USD

£1.00 GBP = 1.8788 AUD

£1.00 GBP = 2.0607 NZD

£1.00 GBP = 1.6819 CAD

  • Want to Learn More?

  • We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.
  • Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

    Brexit Guide Download

  • Need to Send Money Abroad?

    • At Clé France / Key Currency, many of our customers have a need for currency exchange.
    • We are pleased to offer our customers favourable exchange rates on international currency transfers.
    • As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

Add CommentViews: 483
Jun 16

Important Market Update - 16.06.2023

Pound to Euro flirts with 9-month highs

Just sending you a quick heads up this morning.

The Pound to Euro (GBP/EUR) exchange rate is sitting right near 9-month highs (£1.00 = 1.17 Euro).

Given the Pound had a nasty drop at the start of this week, it’s a done a rather quick u-turn.

If you’re looking to buy Euros you may want to grab it at this level.

There’s also been a breakout to new 52-week highs in the GBP/USD rate.

Buyers of US Dollars may wish to take advantage of the Pound’s strength.

Looking elsewhere, AUD, CAD and NZD all holding pretty steady.

So what next, what should you do?

If you want to speak to a member of our team, just call us on 01872 487 500.

We can talk you through the very latest rates and market trends.

To find out today’s exchange rates, just click below.

Get a Quick Quote

Benefits of using Key Currency:

  1. Great exchange rates
  2. Quick and easy transfers
  3. No transfer fees
  4. Expert help and guidance
  5. Authorised by the FCA

Current rates: 

Wednesday 16th June 2023 at 06:00

£1.00 GBP = 1.1689 EURO

£1.00 GBP = 1.2779 USD

£1.00 GBP = 1.8564 AUD

£1.00 GBP = 2.0511 NZD

£1.00 GBP = 1.6914 CAD

  • Want to Learn More?

  • We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.
  • Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

    Brexit Guide Download

  • Need to Send Money Abroad?

    • At Clé France / Key Currency, many of our customers have a need for currency exchange.
    • We are pleased to offer our customers favourable exchange rates on international currency transfers.
    • As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

Add CommentViews: 548
Jun 7

Market Outlook - GBP / EUR and GBP / USD

The Pound to Euro rate hit 5-month highs last week

Timing is always important when sending money abroad.

To recap, the Pound to Euro rate hit 5-month highs only last week.

It’s been more of a case of Euro weakness than Pound strength.

The Euro has struggled against other currencies too.

A little fact for you: the Euro has closed down against the US Dollar for the last five weeks in a row!

Eurozone economic data has recently been pretty weak. It may be enough to make the ECB pause on interest rates sooner than expected.

On the other hand, Catherine Mann, the Bank of England’s chief hawk, reckons the UK has a far bigger inflation battle than either the EU or US.

Hint: she sees more interest rates hikes coming.

While that’s bad news for UK borrowers, it gives support to the Pound. Overall, the GBP/EUR rate looks to have an upward bias and is likely to retest the recent highs.

As for the US Dollar, it’s been quite volatile of late – all that huffing and puffing over the debt ceiling got investors jittery.

But away from politics, the fundamentals in the US economy are strong.

The closely watched non-farm payrolls came out on Friday higher than expected for the 14th month in a row! That’s given the US Dollar a lift and GBP/USD looks to have a downward bias for now.

So what next, what should you do?

Timing is always important when sending money abroad.

It’s always worth trying to achieve the best rate possible. Even the small daily moves matter.

If you would like to discuss your currency requirements, please do get in touch.

You can speak to a member of our team on 01872 487 500.

Or click on the link below for our latest rates.

Get a Quick Quote

Benefits of using Key Currency:

  1. Great exchange rates
  2. Quick and easy transfers
  3. No transfer fees
  4. Expert help and guidance
  5. Authorised by the FCA

Current rates: 

Wednesday 7th June 2023 at 15:00

£1.00 GBP = 1.1628 EURO

£1.00 GBP = 1.2445 USD

£1.00 GBP = 1.8684 AUD

£1.00 GBP = 2.0581 NZD

£1.00 GBP = 1.6633 CAD

  • Want to Learn More?

  • We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.
  • Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

    Brexit Guide Download

  • Need to Send Money Abroad?

    • At Clé France / Key Currency, many of our customers have a need for currency exchange.
    • We are pleased to offer our customers favourable exchange rates on international currency transfers.
    • As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

Add CommentViews: 568
May 31

Pound jumps to new 5-month highs.

Pound to Euro has hit new highs for 2023

Pound jumps to new 5-month highs.

This follows on from last week’s higher-than-expected UK inflation and retail sales figures.

Put simply, it increases pressure on the Bank of England (BoE) to keep hiking interest rates.

The GBP/EUR rate has gained 1.5% in the last month alone!

But it’s not all plain sailing for the Pound.

The Pound to USD rate has been trending down throughout May – falling 1.4% in the last month.

And that’s despite the US debt ceiling drama (which has been holding back the Dollar).

It’s a sign that the medium-term uptrend in GBP/USD may have come to an end and a retreat is now underway.

As you can see, there’s some pretty big moves happening in currency markets.

Timing is always important when sending money abroad.

Exchange rates are fickle beasts.

So what next, what should you do?

If you would like to discuss your currency requirements, please do get in touch.

You can speak to a member of our team on 01872 487 500.

Or click on the link below for our latest rates.

Get a Quick Quote

Benefits of using Key Currency:

  1. Great exchange rates
  2. Quick and easy transfers
  3. No transfer fees
  4. Expert help and guidance
  5. Authorised by the FCA

Current rates: 

Wednesday 31st May 2023 at 15:00

£1.00 GBP = 1.1601 EURO

£1.00 GBP = 1.2405 USD

£1.00 GBP = 1.9106 AUD

£1.00 GBP = 2.0621 NZD

£1.00 GBP = 1.6885 CAD

  • Want to Learn More?

  • We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.
  • Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

    Brexit Guide Download

  • Need to Send Money Abroad?

    • At Clé France / Key Currency, many of our customers have a need for currency exchange.
    • We are pleased to offer our customers favourable exchange rates on international currency transfers.
    • As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

Add CommentViews: 557

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